A. KELLNERS BLOMSTER AS: årsregnskap 2017 vs 2016
Shrank 16% on revenue, cash halved-plus
approved 2018-04-30; registry 2018-05-14; journal 2018 316993
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A. KELLNERS BLOMSTER AS. Revenue 4.62m NOK → 3.87m NOK (-16.1%). Net result -275.6k NOK → -295.3k NOK. Equity 105.4k NOK → -190.3k NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A. KELLNERS BLOMSTER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -350.3k NOK → -283.2k NOK (op. margin -7.6% → -7.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.96× → 39.29×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.62m NOK to 3.87m NOK (-16.1% YoY). Calculated
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↓
Net result weakened
Net result -275.6k NOK → -295.3k NOK (net margin -6.0% → -7.6%). Calculated
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↓
Equity eroded
Book equity 105.4k NOK → -190.3k NOK (equity ratio 116.5% → -20.2%). Calculated
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↓
Cash fell
Bank deposits 237.8k NOK → 79.1k NOK (-66.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.93m NOK → 3.43m NOK (42% → 88% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 425.0k NOK → 400.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 1.69m NOK → 1.36m NOK (-19.9% YoY). Calculated